Baker Tilly Netherlands teams up with British private equity firm Inflexion to drive growth through M&A

Baker Tilly’s Dutch arm has partnered with British private equity firm Inflexion in a landmark deal for the Dutch accountancy sector.

Inflexion has acquired a 48% minority stake, while Baker Tilly’s 40 partners retain majority control with a 52% stake held through a cooperative entity.

The €150m revenue firm, which employs 1,000 people, plans to accelerate growth by adding mergers and acquisitions (M&A) to its historically organic strategy. CEO Ronald Hoeksel stated, “In a consolidating market, autonomous growth alone is insufficient to maintain scale. With Inflexion, Baker Tilly can achieve the acceleration needed to secure a stable top 10 position in the market.”

This partnership comes amid significant consolidation in the Dutch accountancy sector, where firms like Forvis Mazars and Moore have rapidly expanded through acquisitions. Baker Tilly plans to leverage Inflexion’s capital and expertise to invest in product innovation, digitalisation, and its market position.

Sander Ruijter, head of Inflexion in the Benelux, emphasised the firm’s minority approach. “Control will remain with Baker Tilly’s leadership team. Our partnership enables Baker Tilly to benefit from our strategic support while retaining its independence,” he said.

The collaboration follows a similar move by Baker Tilly’s US arm last year, underscoring a growing trend of private equity investments in professional services. This new chapter positions Baker Tilly Netherlands for sustained growth and a stronger foothold in the competitive accountancy landscape.

Source: Consultancy EU

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